Tesla registered a 50M yuan China insurance brokerage in July, potentially seeking insurance product approval.

Tesla registered an insurance brokering firm in China in July, with a 50M yuan ($6.92M) capital, potentially seeking approval to sell insurance products there. This move follows increased support for Tesla in China, with plans for a data training center and Full Self Driving software rollout. The automaker had previously registered for insurance product sales in 2020, but removed that registration in April.

August 02, 2024
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